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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 01, 1977
Page
5
The NYSE shows some stocks rising and others falling on the latest trading period. Percent changes are based on the previous close and today’s price, with several notable names listed among top movers and off the main index.
AP reports a major winter freeze crippling Midwest South and East economies. It shuts plants and farms, idles workers, raises fuel bills by about 50 dollars monthly, shrinking consumer spending and straining heating, roads and river facilities. Economic costs range in the billions with uncertain totals.
The piece surveys prospects for local economies as factory moves to warmer climates loom and energy scarcity fears affect retail sales. It notes optimistic forecasts from energy experts and Business Week that GNP could grow through efficiency and new energy sources, while skeptics warn of prolonged cold and cautious consumer spending.
Citicorp's Person-to-Person Financial Centers expand with three added Arizona branches. The Scottsdale unit sits in Miller Plaza at 7620 E Indian School Rd Suite 113. Executives Michael Burke and Eldon Walbrecht head account services amid broader Midwest and Western growth.
A free talk titled Commodity Market Dynamics will be held at 7 30 p m Thursday at Dean Witter Co offices 7000 E Reservations are suggested by calling the firm John H Frank account executive will speak on the topic.
A Vestaur First Pennsylvania survey of 200 senior financial executives predicts real GNP growth of 4.3 percent in 1977 with inflation at 4.9 percent, below Carter’s 6 percent growth target and unemployment goal. The group remains moderately bullish on stocks with a Dow range of 877 to 1112 and a 9.31 percent portfolio return.
Closing quotes list by Madda Trading Co Inc Scottsdale member of CME London gold 132 60 up 38 cents IMM Mar gold 133 00 down 6 cents per ounce Apr silver 4 48 9 10 down 12 1 10 cents Ib Mar copper 65 3 cents up 0 6 Mar wheat 32 73 down 1 cent bushel Mar corn 2 52 34 down 4 cents bushel Mar soybeans 7 21 down 2 2 cents bushel Mar soybean meal 209 20 down ade fan Mar soybean oil 22 25 cents down 0 17 cents Ib Feb live cattle 38 40 up 3 cents cwt Apr live cattle 39 65 up 90 cents cwt Apr live hogs 35 45 down 47 cents cwt Mar lumber 174 30 up 1 20 thousand board feet Mar cotton 73 65 cents unchanged Ib Mar sugar 8 86 cents down 0 3 cent Ib Market not closed.
The New York market showed a mixed session with the Dow up to 955.37 at 2 p.m. and the NYSE composite up 0.11 to 55.59 as 14.97 shares traded. Advances led by Bedness 7 to 6 amid uncertainty over weather earnings and inflation. AT&T posted a 21.6 percent rise in annual earnings while a popular stock moved to 63 percent.
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